Bank technology

Capital Access Network's new online engine leverages a large historical database to measure credit worthiness, joining Kabbage, Amazon and others in a crowded market.

Two targets of the al Qassam Cyber Fighters Group are seeing unusual traffic on their websites.

Retail strategy firm Peak Performance Consulting has welcomed two former banking execs to its team.

The alternative payment provider Dwolla now gives users the ability to send money via tweet by using the hashtag #dwolla.

In functionality, mobile banking apps are movin' on up. Though recent research shows customers make little distinction between the leading financial services players' mobile apps and mobile browsers, new releases of the past week or so show that industry players are evolving their mobile offerings to go beyond basic features like checking account balances.

Pave adds a new twist to crowdsourcing capital. The New York-based startup funds people, rather than specific projects, and the interest rate depends on their future earned incomes.

Alliance Data Systems (ADS) has signed a long-term agreement to launch a private-label credit card program for clothing retailer Dots.

Bank notes printed with special ink change their appearance in the presence of a cell phone's magnetic field.

If U.S. banks can decrease costs in routine transactions, they will be able to serve mass segments more profitably and invest disproportionately in high-margin services for the affluent.

App development for multiple mobile devices and countries is also on the agenda for the bank's wholesale banking division.

PNC, like many other banks, is migrating to HTML5 in hopes its online banking site will play well on a variety of mobile devices.

Its website apparently hit with a distributed denial of service attack, the bank has taken to Twitter and Facebook to keep customers informed.

Apple introduced its Passbook app — a wallet that stores other mobile wallets — alongside the iPhone 5 in September. Three months later, has Passbook revolutionized mobile payments? Or is it starving from lack of support? (Image: Bloomberg News)

Wells Fargo CTO Joseph Kissel moving to Florida bank.

Monitise also hopes a new round of investment will help build out its mobile money strategy.

Customer data software meant to help banks provide personalized pricing and cross-sell financial products and services.

Bank of America's efforts to increase mobile usage include the use of QR codes for quick app downloads.

Consumers National bought its new mortgage lending software before hiring staff for the new department.

VeriFone, a payment terminal company, now owns the entire Vegas transportation market.

Innovations can fail catastrophically, as was the case for the mortgage and securitization innovations that precipitated the crisis. Valuable innovation profitably and honestly delivers greater perceived value to customers, without incurring disproportionate cost and risk.